just need part B answered. please make sure it's accurate and correct.

counting pdates Question 6 View Policies Show Attempt History Current Attempt in Progress ins ces tions Nash Company reported the following amounts in the stockholders' equity section of its December 31, 2016. balance sheet. S Support Preferred stock, 10%, $100 par (10,000 shares authorized, 2.000 shares issued) $200.000 Common stock, $5 par (107.000 shares authorized 21.400 shares issued) 107.000 Additional paid-in capital 127,000 Retained earnings 491.000 Total $925,000 During 2017, Nash took part in the following transactions concerning stockholders' equity 1. Paid the annual 2016 $10 per share dividend on preferred stock and a $2 per share dividend on common stock. These dividends had been declared on December 31, 2016. 2. Purchased 1,800 shares of its own outstanding common stock for $41 per share. Nash uses the cost method 3. Reissued 800 treasury shares for land valued at $33,700. 4. Issued 520 shares of preferred stock at $105 per share. 5. Declared a 10% stock dividend on the outstanding common stock when the stock is selling for $44 per share. 6. Issued the stock dividend. 7. Declared the annual 2017 $10 per share dividend on preferred stock and the $2 per share dividend on common stock. These dividends are payable in 2018. LUULUM Debit Credit No. Account Titles and Explanation 1. Dividends Payable - Preferred Stock 20000 Dividends Payable - Common Stock 42800 62800 2. Treasury Stock 73800 Cash 3.800 3. Land Treasury Stock Paid-in Capital from Treasury Stock Paid in Capital from Treasury Stock Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock 5. Retained Earnings 10200 Common Stock Dividend Distributable 79560 Paid-in Capital in Excess of Par-Common Stock 10200 6. Common Stock Dividend Distributable 10200 Common Stock Retained Earnings 70080 7. 44880 Dividends Payable - Common Stock 25200 Dividends Payable - Preferred Stock e Textbook and Media - Your answer is partially correct. Prepare the December 31, 2017, stockholders' equity section. Assume 2017 net income was $354,000. (Enter account name only. Do not provide any descriptive information NASH COMPANY Stockholders' Equity December 31, 2017 Capital Stock Preferred Stock 252000 Common Stock 102000 Total Capital Stock 354000 Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid in Capital and retained Earnings Less : Treasury Stock Total Stockholders' Equity e Textbook and Media List of Accounts Attempts: 1 of 3 used Su